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To: Another Post-American

WAIT! This can’t possibly be true! Why, only yesterday there was a post about how BitCoin would make a GREAT world reserve currency!


7 posted on 11/05/2015 9:12:51 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: catnipman
WAIT! This can’t possibly be true! Why, only yesterday there was a post about how BitCoin would make a GREAT world reserve currency!

GMTA! My exact thought when I saw this.

At some time there will be a viable crypto-currency, but BitCoin ain't it.

9 posted on 11/05/2015 9:24:10 AM PST by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: catnipman

Bitcoin is still young. As it matures and becomes more widely adopted, a DDOS attack on an exchange will become more difficult (larger exchanges = better security), same as for fiat stock exchanges for example. And attacks on one exchange out of many will have less impact on price as it will be a nuisance.

This is a nuisance anyway, just happening at a particularly volatile time.


10 posted on 11/05/2015 9:29:18 AM PST by Another Post-American (Jesus died for your sins.)
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